Banco Macro Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Juan Parma
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 1.3yrs |
| CEO ownership | n/a |
| Management average tenure | 5.9yrs |
| Board average tenure | 9.3yrs |
Recent management updates
Recent updates
Narrative Update • Jun 02
BMA: Future Dividend Stream Will Drive Upside Following Bullish Upgrade
Analysts have lifted their ARS price target for Banco Macro to ARS 24,522.06, citing updated assumptions that include a lower discount rate, expectations for higher revenue growth, a reduced profit margin and a slightly higher future P/E multiple. What's in the News Board meeting scheduled for May 6, 2026, to address payment of instalment No. 1 of a cash dividend of AR$ 49,033,753,984.66 to shareholders.
Narrative Update • May 03
BMA: Dividend Instalments And Governance Changes Will Support Measured Fintech Upside
Analysts have trimmed their fair value estimate for Banco Macro to ARS 11,679 from ARS 12,040, citing updated assumptions for revenue growth, profit margins, discount rate, and a higher future P/E multiple. What's in the News Banco Macro plans to pay instalment No. 10 of a cash dividend totaling ARS 41,777,807,598.97, or ARS 65.3400708982 per share, with availability from March 30, 2026 and a record date of March 27, 2026, following prior shareholder and regulator approvals (Key Developments).Narrative Update • Apr 18
BMA: Future Dividend Stream And Fintech Deal Will Drive Upside
Analysts have kept their ARS fair value estimate for Banco Macro broadly unchanged at about ARS 24,522, with the slight adjustment tied to updated views on discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Banco Macro plans to pay instalment No. 10 of a cash dividend of ARS 41,777,807,598.97, equal to ARS 65.3400708982 per share, with availability from March 30, 2026, and a record date of March 27, 2026 (company announcement).Narrative Update • Apr 03
BMA: Fintech Partnership And Large Dividends Will Support Future Upside
Analysts have trimmed their ARS price target for Banco Macro to ARS 24,522.06, reflecting updated assumptions for a lower revenue growth rate, a slightly higher profit margin, and a modestly reduced future P/E multiple. What's in the News Banco Macro plans to pay shareholders instalment No. 10 of a cash dividend totaling ARS 41,777,807,598.97, equal to ARS 65.3400708982 per share, with availability from March 30, 2026 and a record date of March 27, 2026 (company announcement).Narrative Update • Mar 20
BMA: Cash Dividend Will Support Future Upside In Fintech Expansion
Analysts have maintained their ARS 12,040 price target on Banco Macro, citing updated assumptions that include a slightly different discount rate, revenue growth, profit margin, and future P/E inputs that still support the existing valuation framework. What's in the News Banco Macro is scheduled to hold a Board meeting on April 8, 2026, at 14:00 Coordinated Universal Time.Narrative Update • Mar 06
BMA: Large Cash Dividend And Fintech Partnership Will Support Future Upside
Analysts have adjusted their view on Banco Macro with a refreshed ARS 12,040 price target, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that together indicate a more conservative earnings and valuation profile than previously modeled. What's in the News Banco Macro has a Board Meeting scheduled for December 17, 2025, with an agenda that includes considering payment of instalment No. 7 of the cash dividend to shareholders (Key Developments).Narrative Update • Feb 19
BMA: Fintech Alliance And Capital Strength Will Support Future Upside
Analysts have adjusted their price target on Banco Macro to ARS 24,522.06. The change is mainly linked to updated assumptions around the discount rate, revenue growth, profit margins, and a revised future P/E of 17.09x.Narrative Update • Feb 05
BMA: High Capital Strength And Fintech Partnership Will Support Future Upside
The analyst price target for Banco Macro has increased from US$18,960.00 to US$24,522.06. Analysts cite the bank's high capital ratios, relatively stable net interest margins, lower asset quality risks, and a more balanced sector view following recent share rallies as key reasons for the revision.
Narrative Update • Jan 22
BMA: High Capital Strength And Post Election Credit Cycle Will Drive Upside
Analysts have lifted their fair value estimate for Banco Macro from ARS 16,877.89 to ARS 17,999.02 as they factor in updated growth and margin assumptions, along with recent upgrades and higher price targets from major global banks. Analyst Commentary Recent research updates on Banco Macro point to a more constructive stance following Argentina's election outcome, with several large institutions revisiting their views on risk, growth potential and capital strength.Narrative Update • Jan 07
BMA: Elevated Dividend Payouts Will Expose Fragility Of Post Election Credit Outlook
Analysts have lifted their fair value estimate for Banco Macro to $12,040 from $8,144, citing higher assumed revenue growth and profit margins, a slightly lower discount rate, and recent Street upgrades that emphasize the bank's capital strength, relatively stable net interest margin, and an improved credit growth backdrop following Argentina's election outcome. Analyst Commentary Recent Street research has turned more constructive on Banco Macro, with several large firms flagging the bank's capital strength, relatively stable net interest margin and exposure to an improved credit growth backdrop following Argentina's election outcome.Narrative Update • Dec 14
BMA: Higher Capital Strength Will Support Post Election Credit Upside
Analysts have raised their price target on Banco Macro to $111 from ARS 18,000, reflecting higher expected revenue growth, expanding profit margins and the bank's strong capital position relative to other Argentine peers. Analyst Commentary Recent Street research reflects a generally constructive stance on Banco Macro, with several upgrades and positive initiations following Argentina's improved macroeconomic outlook and post election policy visibility.Narrative Update • Nov 29
BMA: Higher Capital Ratios And Political Tailwinds Will Support Sustained Upside
Analysts have raised their price target for Banco Macro from ARS 7,700 to ARS 18,000. They cite improved capital strength, lower asset risk, and a supportive outlook following positive economic and political developments in Argentina.Narrative Update • Nov 15
BMA: Sector-Leading Capital Strength Will Drive Resilience After Argentina’s Election
Analysts have raised their price target for Banco Macro significantly, increasing the fair value estimate from ARS 12,062 to ARS 16,878. They cite stronger capital ratios, a more favorable macroeconomic outlook in Argentina, and improving growth prospects for domestic banks.Narrative Update • Nov 01
BMA: Defensive Stance Will Limit Upside Amid Post-Election Banking Uncertainty
Banco Macro's analyst price target has been revised downward from ARS 12,418.80 to ARS 12,061.97. Analysts cite a shift to a more defensive sector stance and evolving macroeconomic conditions, despite stronger revenue growth and profitability expectations.Narrative Update • Oct 17
Digital Transformation Will Expand Retail Banking In Argentina
Banco Macro’s analyst price target was reduced significantly from ARS 14,000 to ARS 7,700 as analysts cite mounting macroeconomic uncertainties and potential pressures on bank fundamentals following a weaker than expected electoral outcome. Analyst Commentary Analysts evaluating Banco Macro have revised their outlook, reflecting both optimism and caution in light of recent macroeconomic headwinds and market developments.Narrative Update • Oct 03
Digital Transformation Will Expand Retail Banking In Argentina
Banco Macro's analyst price target has been revised downward significantly from ARS 14,852.80 to ARS 12,418.80. Analysts cite rising discount rates, moderating profit margins, and increased macroeconomic uncertainty impacting the bank's outlook.Narrative Update • Aug 27
Bank To Leverage Strong Capital Position For 2025 Initiatives
Despite a substantial increase in projected revenue growth and a lower future P/E, the consensus analyst price target for Banco Macro has been modestly reduced from ARS15,571 to ARS15,210. What's in the News Banco Macro S.A. scheduled a Board Meeting.
New Narrative • Dec 06
Rising Loan Demand And Strong Capital Propel Bank Toward Enhanced Profitability
Rising loan demand and robust capital position to drive earnings and boost return on equity with minimal additional capital needs.CEO
Juan Parma (53 yo)
1.3yrs
Tenure
Mr. Juan Martin Parma serves as Chief Executive Officer at Banco Macro S.A. from April 1, 2025. He served as Head of Wealth & Personal Banking Americas at HSBC Holdings plc. He served as Regional Head of H...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.3yrs | no data | no data | |
| CFO & Finance Manager | 8.7yrs | no data | no data | |
| Technology & Banking Operations Manager | 5.9yrs | no data | no data | |
| Legal Manager | 6.6yrs | no data | no data | |
| Compliance Manager | 2.5yrs | no data | no data | |
| Strategy | no data | no data | no data | |
| Distribution & Sales Manager | 11.8yrs | no data | no data | |
| People Manager | 1.5yrs | no data | no data | |
| Chief Risk Officer | less than a year | no data | no data | |
| Head of Financial Services Customer Service | no data | no data | no data | |
| Corporate Banking Manager | 9.2yrs | no data | no data | |
| Non Financial Risk Manager | no data | no data | no data |
5.9yrs
Average Tenure
55yo
Average Age
Experienced Management: BMA's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 24.4yrs | no data | 0.47% ARS 43.3b | |
| Director | 5yrs | no data | 0.0015% ARS 142.0m | |
| Non-Independent Director | 8.3yrs | no data | 0.16% ARS 14.6b | |
| Director | 10.3yrs | no data | no data | |
| Vice Chairman | 10.3yrs | no data | no data | |
| Director | 10.3yrs | no data | no data | |
| Independent Director | 5.3yrs | no data | no data | |
| Independent Director | 10.3yrs | no data | no data | |
| Director | 10.3yrs | no data | no data | |
| Independent Director | 7.3yrs | no data | no data | |
| Independent Director | 1.3yrs | no data | no data | |
| Independent Director | 1.3yrs | no data | no data |
9.3yrs
Average Tenure
49.5yo
Average Age
Experienced Board: BMA's board of directors are considered experienced (9.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 21:55 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Banco Macro S.A. is covered by 13 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ernesto Gabilondo Márquez | BofA Global Research |
| Rafael Berger Frade | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |
| Alonso Aramburú | BTG Pactual |